Consensys Challenges OCC’s Stablecoin Rules, Urges Treasury to Narrow Yield and DeFi Restrictions

TLDR: Consensys argues the OCC’s yield ban wrongly extends to third-party distributors beyond what Congress intended. The firm says DeFi lending on platforms like Aave is an active user choice, not issuer-paid yield on stablecoins. Consensys recommends disclosure and pool segregation over outright prohibition on multi-brand stablecoin issuance. The rules, if left unchanged, could favor [...]

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